One97 Communications, the parent of Paytm, reported a decline in revenue and marginal improvement in losses for the March quarter of FY25, amid one-time Esop-related expenses.

Key highlights:

• Q4 Loss: Rs 545 crore, slightly lower than Rs 550 crore a year ago.
• Q4 revenue from operations: Rs 1,911.5 crore, down 15.7% from Rs 2,267 crore in Q4FY24.
• FY25 full-year loss: Rs 645.2 crore, down over 50% from Rs 1,390.4 crore in FY24.
• FY25 revenue: Rs 6,900 crore, down 31% from Rs 9,977.8 crore.
• Esop impact: Founder Vijay Shekhar Sharma gave up 210 million Esops in Q4, triggering a one-time expense of Rs 492 crore.
• Esop costs: Expected to drop to Rs 75 crore in Q1 FY26, from Rs 169 crore in Q4 FY25.
• The company said it is exploring opportunities in select international geographies.